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April 24, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Paragould, Business Loans > Focus Bank Paragould Business Loans > Furniture Stores Loan | ||||
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Focus Bank
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Paragould, Arkansas Business Gets SBA-Guaranteed Funding from Focus BankFocus Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Arkansas entrepreneur who tapped into the power of SBA loans. Getting a small business loan in Paragould, Arkansas was an essential business goal for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Focus Bank, operating out of Paragould, Arkansas. Here are the details on this Arkansas small business loan. SBA Loan Borrower COMPANY TYPE: FURNITURE STORES SBA Loan Lender FOCUS BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide small business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 442110 - Furniture Stores Loan Approval Date 4/24/2003 Loan Approval Gross Amount $62,000 Loan Approval from the SBA Of the total $62,000 loan amount, the SBA guaranteed $52,700. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the small business planned to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. We can help you find the best banks for small businesses in Paragould or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Small Business Banks in Paragould, Arkansas Find an SBA Lender in Arkansas
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